AIG names permanent CFO

AIG names permanent CFO | Insurance Business Canada

Insurance News

AIG names permanent CFO

Predecessor steps down after medical leave

Insurance News

By
Terry Gangcuangco

Things have become official for Sabra Purtill (pictured), who is now taking on the chief financial officer post at American International Group on a permanent basis after serving in an interim capacity from January.

Purtill’s predecessor, Shane Fitzsimons, is stepping down following a medical leave of absence. Fitzsimons’ medical leave was first announced more than five months ago. At the time, then global chief actuary Mark Lyons took over the finance function as interim CFO, but he was fired a couple of weeks later due to violations of confidentiality/non-disclosure obligations.

In a release, AIG chair and chief executive Peter Zaffino said: “We are fortunate to have Sabra as part of our leadership team. She has held several senior roles at the company since first joining AIG in 2019 and, coupled with her significant industry experience and strong financial background, will provide important continuity in the chief financial officer position.

“I look forward to continuing to work with Sabra as we execute on AIG’s strategic priorities and position the company for the future.”

Purtill was previously chief investment officer of AIG’s life & retirement business Corebridge Financial.

Meanwhile Zaffino thanked Fitzsimons, saying: “Shane played a critical role in the successful execution of major strategic initiatives, including AIG 200, our company-wide transformation program, the operational separation of the life & retirement business from AIG, and the Corebridge IPO, to name a few.

“I am personally very grateful for his partnership and the lasting contributions he made across the organization. On behalf of the AIG board of directors and all our colleagues, I wish Shane the very best as he focusses on his health and his family.”

What do you think about this story? Share your thoughts in the comments below.